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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: SMALL FRY who wrote (62906)	9/23/1999 9:10:00 PM
From: Susan G	Read Replies (1) \| Respond to of 120523

Aironet Shares Gain On Rumors PC Makers Interested In Its Connectors ====================================================================== NEW YORK -(Dow Jones)- Shares of computer-network-products maker Aironet Wireless Communications Inc. rose as much as 15% Thursday on rumors the company is in talks with the country's top computer makers to feature its wireless LAN connectors - one of the hottest technologies in computers and telecommunications - in their computers. Aironet, an Akron, Ohio-based maker of local-area-network - or LAN - connectors, traded higher on speculation that computer companies, mainly Dell Computer Corp. (DELL) or Compaq Computer Corp. (CPQ), were considering offering computers with Aironet's wireless LAN products. Wireless LANs, which allow mobile connection to computer networks, are made by a handful of high-tech companies, and typically are installed only in job-specific computers used by large institutions, not personal computers, which Dell and Compaq make. "The whole field has taken off," said CIBC Markets Corp. analyst Lior Bregman "Investors are interested in wireless LAN." Shares of Aironet (AIRO) reached a high of $24.25 Thursday before closing up 68.8 cents, or 3.5%, at $20.625, on volume of 3.3 million shares. Average daily volume is 1.3 million shares. Bregman said that although he did hear rumors of possible talks with Dell, he thinks the technology in general is what has investors excited, not just the rumors. He said investor interest, coupled with a growing market, may eventually lead to some contracts between computer companies and Aironet. A Compaq spokesman, who declined to confirm the rumor, did say that the company is on record as saying that "wireless is an important area that we are looking into." Representatives of Aironet and Dell weren't immediately available for comment. Copyright (c) 1999 Dow Jones & Company, Inc. All Rights Reserved.